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Trina Solar +7.2% following China solar plant investment agreement

  • Trina Solar (TSL) +7.2% premarket on news it signed an investment framework agreement with the local government authority to develop a 1 GW solar power plant in western China's Xinjiang region.
  • The first two phases of the project, with installed capacity of 300 MW, are scheduled to be completed by the end of 2014; TSL also plans to invest in the construction of a PV module production facility to supply modules to the solar power plants.
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